First the disclaimer. This should not be construed as financial advice. Consult your financial planner - I'm sure you have one, right :)?
Money is a tricky topic, here in the US. It's all very hush-hush. No one talks about how much they make, even to their children or parents. Usually the spouse is the only one who knows all the details. Sometimes money has a very negative connotation - "filthy rich", "dirty money", and all that.
Despite that, money is what we use as a substitute or stand in for freedom, security, and social acceptance. Naturally, when we begin to understand that our economy, based on infinite growth and ever-growing energy, is unsustainable, we worry about what is going to happen to our money.
So here are some thoughts about different ways to approach Peak Oil - wise investing.
1. Stay the Course
You have decided to stick with conventional wisdom. 401K, IRA, bank, etc. You are trying to pay down debt, pay off the house and fund a 12-month emergency fund, on top of the standard retirement accounts. This is for people who just can't bring themselves to give up on the system.
2. Pull the Ripcord
You've had enough of the rollercoaster and you can see that the financial system is deteriorating. You put all (or a whole lot) of your money in cash and some is in fact under the mattress - you never know when the grid is going down, and credit cards will be no good then. You may not have a retirement fund, but at least you'll be able to pay the bills and the property taxes.
Well, the Fed has gone and done it - the dollar seems to be hitting new lows every month. You believe that there is no way for the government to pay off their insane debts except to try to print their way out. Which will of course, make the dollar nearly worthless. See, Zimbabwe. See, Confederate gov't. See, Weimar Republic. See, Roman empire. The only timeless form of money you want to own is gold and silver, either physically or in an ETF.
4. Bet big
In the ashes of every empire is a way to make a whole heck of a lot of money. You are into commodities, reverse index funds, and oil service corporations. This is definitely high risk, and potential high reward. Or, potential bankruptcy.
5. Back to basics
Regardless of what happens, you will be eating well and clothing your kids. You have decided to opt out of the peak oil investment debate and put your money into physical goods. Get your house in order, with energy efficient windows and insulation, non-electrical appliances, and lots and lots of stored goods. Wheat berries, rice, oats, beans, toilet paper, soap, and shoes. "Invest" in the gifts that keep on giving - gardens, orchards, community solidarity, books, and skills like preserving the harvest and homebrewing. "Invest" in tradeable goods that will be valuable after TSHTF - like alcohol or whatever.
6. Invest in a trade
You want to have something to do after the peak - besides your worthless job now. You are learning how to be a carpenter, an herbalist, or whatever. You've got the tools, you've got the talent.
Who the heck knows what's going to happen? You do a little of everything and hope it all turns out.
So, dear readers, what did I miss? What other options are there available and which is your favorite?